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Hindustan Motors has partnered with a European brand and plans to enter the two-wheeler EV space in India by 2023
Hindustan Motors has partnered with a European brand and plans to enter the two-wheeler EV space in India by 2023.
Hindustan Motors, which for many years produced the recognizable Ambassador in India since its foundation in 1942, according to a report by Gaadiwale, is reportedly entering the EV market with electric two-wheelers.
With businesses like Ola Electric, Hero, Bajaj, Ather, and TVS operating in the market for electric two-wheelers, India has been attracting investment. According to rumors, a secretive European corporation has partnered with the venerable old automaker.
The manufacture will take place at the now-defunct Uttarpara plant of Hindustan Motors, which is located close to Kolkata. The new JV will receive financial support from an investment of Rs 600 crore, according to HM director Uttam Bose. In addition, Hindustan Motors will supply the necessary real estate, a renovated facility, and a distribution network.
According to the plan, both electric two-wheelers and electric cars will be developed, but the two-wheelers will be developed first. Hindustan Motors and its partner are now negotiating investments, and a number of announcements may occur as early as February 2023.
Product launches, particularly for electric two-wheelers, may take place as early as the end of 2023.
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October 2023: Electric Two-Wheeler Sales Hit 71K, 10-Month Total Reaches 688K.
During the festival month, there was a boom in electric 2-wheeler sales in October 2023. Around 71,000 electric scooters were sold during this period.
01-Nov-2023 03:41 PM
Read Full NewsOctober 2023: Electric Two-Wheeler Sales Hit 71K, 10-Month Total Reaches 688K.
During the festival month, there was a boom in electric 2-wheeler sales in October 2023. Around 71,000 electric scooters were sold during this period.
01-Nov-2023 03:41 PM
Read Full NewsGovernment intends to Penalise Negligent E-scooter Companies.
A half-dozen electric scooter manufacturers who were found guilty of fraudulently claiming subsidies under the flagship FAME II (Faster Adoption and Manufacturing of Electric Vehicles) programme are the subject of sanctions that the Centre is considering.
14-Sep-2023 11:17 AM
Read Full NewsGovernment intends to Penalise Negligent E-scooter Companies.
A half-dozen electric scooter manufacturers who were found guilty of fraudulently claiming subsidies under the flagship FAME II (Faster Adoption and Manufacturing of Electric Vehicles) programme are the subject of sanctions that the Centre is considering.
14-Sep-2023 11:17 AM
Read Full NewsHero Vida Electric Scooter: Top 5 Things you Need to Know
Hero Vida V1 has been finally launched in India by Hero MotoCorp. The electric scooter will be available in two trims - V1 Plus and V1 Pro. Let's check what are the 5 interesting features in Hero Vida V1
13-Oct-2022 02:42 PM
Read Full NewsHero Vida Electric Scooter: Top 5 Things you Need to Know
Hero Vida V1 has been finally launched in India by Hero MotoCorp. The electric scooter will be available in two trims - V1 Plus and V1 Pro. Let's check what are the 5 interesting features in Hero Vida V1
13-Oct-2022 02:42 PM
Read Full NewsHero Vida V1 launched in India at a starting price of Rs. 1.45 Lakh
Hero MotoCorp's first electric scooter Vida V1 is now all ready to go on sale in India. The Vida V1 will be available in two variations, the V1 Plus and V1 Pro, each costing Rs. 1.45 lakh and Rs. 1.59 lakh
07-Oct-2022 05:39 PM
Read Full NewsHero Vida V1 launched in India at a starting price of Rs. 1.45 Lakh
Hero MotoCorp's first electric scooter Vida V1 is now all ready to go on sale in India. The Vida V1 will be available in two variations, the V1 Plus and V1 Pro, each costing Rs. 1.45 lakh and Rs. 1.59 lakh
07-Oct-2022 05:39 PM
Read Full NewsHero MotoCorp ready to enter EV segment with Vida Electric Scooters in October 2022
Hero MotoCorp is all set to enter the EV space with Vida Electric, the company's EV subsidiary. This has come after the company has faced several issues including the supply chain disruptions which delayed the announcement
05-Oct-2022 10:15 AM
Read Full NewsHero MotoCorp ready to enter EV segment with Vida Electric Scooters in October 2022
Hero MotoCorp is all set to enter the EV space with Vida Electric, the company's EV subsidiary. This has come after the company has faced several issues including the supply chain disruptions which delayed the announcement
05-Oct-2022 10:15 AM
Read Full NewsAther Energy registers record breaking month: Two-wheeler EV Sales Report September'22
Ola Electric and Ather, in September 2022, saw a significant increase in their electric two-wheeler monthly sales, while Hero Electric saw a decrease in deliveries
03-Oct-2022 01:21 PM
Read Full NewsAther Energy registers record breaking month: Two-wheeler EV Sales Report September'22
Ola Electric and Ather, in September 2022, saw a significant increase in their electric two-wheeler monthly sales, while Hero Electric saw a decrease in deliveries
03-Oct-2022 01:21 PM
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